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Why do finance companies ask for a down payment?

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Wiki User
2005-11-02 14:10:28
2005-11-02 14:10:28

A down payment is cash in hand. It reduces the risk of bad debt to that extent. It also improves the cash flow to the extent of the down payment received.

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Call your lender and ask them.Call your lender and ask them.Call your lender and ask them.Call your lender and ask them.

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Insurance companies ask "personal" questions simply because they need to know if your eligible for the insurance or not.

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